The Tourism Authority of Thailand (TAT) has set a 1.6-billion-baht budget to restore the country’s battered tourism industry once the political crisis ends.
The spending plan, of which 600 million baht will be slated to restore domestic tourism and 1 billion baht for foreign markets, will kick off as soon as possible within June, said Tourism and Sports Minister Chumpol Silpa-archa.
“The number of visitors is likely to rebound in the third quarter should we be able to implement the stimulus plan within the second quarter,” he said.
Reports showed that the country’s tourism industry has slumped after the grenade attacks at Silom, which killed one woman and left 80 injured.
Foreign arrivals at Suvarnabhumi Airport now average only 21,000 a day, a drop from 30,000. Arrivals on April 23 were down by 41% and visitors slipped by an average of 20% between April 24 and April 26.
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.
While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)
Thailand’s Special Economic Zones (SEZ) and new opportunity connected
The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment
With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
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